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Malaysia: Glove manufacturer WRP Asia receives emergency funds to pay wages owed to migrant workers, following liquidation
Author: Geraldine Tong, Malaysiakini, Published on: 13 January 2020
"Glovemaker WRP get emergency funds to pay workers", 2 January 2020
An emergency shareholders injection of RM3.25 million was today channelled to the liquidators of glovemaker WRP Asia Pacific Sdn Bhd to enable the beleaguered company to pay its workers.
The firm... issued an internal memo to announce a temporary suspension of operations.
The emergency cash by shareholders was pumped by private equity fund TAEL Partners, WRP's board of directors said...The firm's board has also drawn up a plan to revive the firm and offered a "turnaround team" to assist the interim liquidators...
This comes three months after WRP was banned by the US Customs and Border Protection... agency on suspicion of using forced labour.
Last January, nearly 2,000 of WRP's Nepali migrant workers held a three-day strike over months of unpaid wages...